Risk-On Hesitation, Crypto Enters Consolidation Mode
The crypto market moved cautiously this weekend. Bitcoin (BTC) fell slightly to around US$95,597, while Ethereum (ETH) held steady at around US$3,308, and Solana (SOL) strengthened to around US$143.01.
The main trigger came from the US macro environment. The decline in jobless claims data to 198,000 reinforced the narrative that the US economy remains "resilient," making the market more comfortable with the scenario of the Fed holding interest rates for longer—usually a negative for risk assets like crypto, as the dollar and yields tend to be stronger.
At the same time, institutional flows remained supportive. Spot Bitcoin ETFs in the US reportedly recorded large inflows (around US$843.6 million on January 14), signaling that "big money" buying interest is not yet over despite the price fluctuations.
On the regulatory front, the market is also closely watching Washington. Senate deliberations on the digital asset market structure bill (Clarity Act) have reportedly been postponed following strong opposition from several industry players, including Coinbase—adding to short-term uncertainty about the direction of crypto regulation in the US.
In conclusion, crypto is currently consolidating—pulled by two major currents. US macroeconomic conditions are driving expectations of a "longer Fed pause" (short-term bearish), while ETF inflows and institutional adoption remain a cushion (moderately bullish). If the dollar strengthens sharply again, crypto typically suffers; but if ETF flows remain strong, any correction can be quickly bought back.
Source: Newsmaker.id
